Mississippi Health Spa Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose
Health spas or gyms in Mississippi must register and receive approval from the state’s Attorney General office.
A prerequisite to licensing is that you obtain a $25,000 surety bond. The bond is for the benefit of any consumer who is defrauded by either dishonesty or the failure of a health spa to perform its contractual obligations (Mississippi Code § 75-83-3 (d)), as amended.
Qualifying and the Premium
Qualifying for the $25,000 Mississippi health spa bond is by completing a short surety bond application and undergoing an underwriter review of the application.
The review of your application includes a credit check inquiry. To be approved by our agency, good credit is required; the rate of approval is 1% of the bond’s amount, $250 annually.
Review and approval of your application can take anywhere between a few business hours to 1 business. It is typically not longer than that.
Upon approval of your health spa/gym bond, and payment of the premium, our agency issues your bond to you immediately. Included with your surety bond will be a Power of Attorney form. You’ll need to file both.
Upon receipt of your surety bond documents by mail, you’ll sign your bond as Principal (we will have signed it as Surety). All original completed surety bond documents will then be filed by you to:
Mississippi Office of the State Treasurer
Division of Consumer Protection
501 N. West Street
Jackson, MS 39201
Premium Prepayment Options
Your Mississippi health club surety bond may be prepaid for 2 or 3 years, which, besides lengthening the time between renewal of your premium (the bond is issued with a standard 1 year term), offers you a savings over annual renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $450, a $50 savings;
- If prepaid for 3 years, the premium is $600, a $100 savings.
AmeriPro Surety Bonds is a surety bonds-only agency which offers surety bonds in Mississippi and all 50 states. These surety bonds include other license and permit, Court, probate, and fiduciary bonds.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…